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BQA.HD OF GOVEBNO!iS OP EID T JDSRAL HEBEiJVE SYSTB1.I (Released f o r P u b l i c a t i o n F r i d a y morning, November 21,19JU7) : JUuI November 2 0 , I9I4.7 CONDITION OV' THS FEDERAL RESERVE BANKS During t h e week-ended November 19 member bank r e s e r v e b a l a n c e s i n c r e a s e d •V229,000,000, A d d i t i o n s t o member bank r e s e r v e s arose from i n c r e a s e s of $352,000,000 i n Reserve Sank c r e d i t , 7 1 , 0 0 0 , 0 0 0 i n gold s t o c k and 32,000,000 i n Treasury c u r r e n c y , and from d e c r e a s e s of $1 lit,000,000 i n money i n c i r c u l a t i o n and ^25,3Q0,OQO,in nonmembaf* d e p o s i t s and o t h e r F e d e r a l Reserve a c c o u n t s , o f f s e t i n p a r t by an i n c r e a s e of $336,000,000 i n T r e a s u r y d e p o s i t s with F e d e r a l Reserve Banks. Excess r e s e r v e s of member banks on November 19 were e s t i m a t e d t o be approximately $930,000,000* Holdings of l o a n s , d i s c c u n t s arid advances d e c r e a s e d $231,000,000, w h i l e h o l d i n g s of United S t a t e s Government s e c u r i t i e s i n c r e a s e d $170,000,00* The i n c r e a s e iri h o l d i n g s of United S t a t e s Government s e c u r i t i e s r e f l e c t s a d e c r e a s e of •$32Ut000,000 i n b i l l s , and i n c r e a s e s of $31^,000,000 in n o t e s , $107,000,000 i n c e r t i f i c a t e s , and 053,000,000 i n bonds. Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g the week and* t h e y e a r ended November 19, 19)4.7, were as f o l l o w s ; I n c r e a s e or d e c r e a s e since November 19, 19U7 November 12, November 2 0 , I9J47 W ( I n m i l l i o n s of d o l l a r s ) U. S # Government s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve Bank c r e d i t 22,222 200 619 + - T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury c u r r e n c y 23,0m 22,513 + * * 352 71 2 -1,273 + h * 229 Ill; 1 + ,+ • 970 - U,552 Member bank r e s e r v e b a l a n c e s 17,068 ilofrey i n c i r c u l a t i o n 28,595 Treasury cash 1,327 T r e a s u r y d e p o s i t s w i t h F f R«. Banks 1,560 jnmeiriher deposits- and o t h e r F . R . a c c o u n t s 1,557 170 231 + U3 + 336 25 -1,300 - 131 + 157 +2,052 9U 958 927 61 H.4.l(a) STATEJfciTT -Of CuiiDITION '• OF TliE !THSLV3:FBD2RiL"8aSEKVE E»HfKS iCOLiBIKBD ( I n thousands of d o l l a r s ) I n c r e a s e or d e c r e a s e since November 19* 19^7 Nc•vember 12, 19U7 i-Iovember 20, 19U6 ii^sjrg T^s: Gold c e r t i f i c a t e s Redemption fund f o r F # It. n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances I n d u s t r i a l loans Acceptances purchased U.S. Govt, s e c u r i t i e s : Bills Certificates Notes Bonds T o t a l U.S.Government ' •' T """ s e c u r i t i e s T o t a l loans and s e c u r i t i e s Due from f o r e i g n banks F. R. n o t e s of o t h e r banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS L I.A B I L J I I 70,000 +3,066,743 3^200 . .• - " 94,603 +2,972,140 73,200 + 22,1^08 10,872 •r 230,17U - i30,,650 iU98 " "•• + .330 +• 862 1UU •I2,900;92U 7,215^905 1 , 3 1 ^ 0 0 0 .. . 791.111 r 333,650 ¥- 107,100 * 313,500, + 53,1*21 kilter -+..>,ii78,900 • 22,22IJ9UO i+ -1,299,998 ''22tU23,o6U :- + 170,371 60, Ui 5,* «.«« -1,769,012 + 37,721. -I",;li29,it56: 27,504 648,216 • 27.; 3,144 - ' 7 - • .7,718; + :649,784 .'+", '628 • + , 12,0U? + 714,054: +2,186,546 - 64,564 - + + + + + 228,728336,672 37,014 12,873 541,259 235,188 +. 969,641 + 927,019 - 190,346 + 95,085 +.1,801,399 +'"' 493,090 20,696 46,784,567- + 666 ' + 712,549 6,609 + +2,146,763 194,562 439,823 27,455 45,767 47,492,174 532 +• 9,578 +; 81,468 +. 27 51,290 +2,186,546 95 3,307,253 33>235 6^,399 47,492.174 > :+ > + E. S; s P'ederal Reserve notes Deposits: Member bank - reserve account U.S.Treasurer-general account Foreign Other Total deposits Deferred a v a i l a b i l i t y items Other l i a b i l i t i e s i n c l u d i n g accrued dividends TOTAL LIABILITIES.. ' 0 A P I T A L A C C 0 U tl T S C a p i t a l paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Katio of gold c e r t i f i c a t e " r e s e r v e s t o d e p o s i t and F . - R . n o t e * *' l i a b i l i t i e s combined Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n c o r r e s p o n d e n t s Commitments t o make ' i n d u s t r i a l loans 20,581/170 ' '662,71+2 21,263,912 266,852 198,820 ' 1VUU2 ; 862 ,521,176 17/067,5201,560,193 ii06,022 519,876 19 i 553,6112,689,08u 48.2% 3,032 '7,545 973 + 714,054 .4% 14 369 154,335 5.1:•/° 3,292 1,020 H.ii.i(b) STATEMENT OF CONDITION OF THE FEDE1&L RESERVE BANKS ON NOVEMBER I9,l9lt7 ( I n thousands of d o l l a r s ) ASSETS Total . 20,581,170 :':768.;509 Gold c e r t i f i c a t e s Redemption fund for " F. k . notes T o t a l -old reserves Boston Now York ' P h i l a . . Clove. Rich. Atlanta Chicago S t . L o u i s 5,880,1a? 1011,019 1358,036 1109,111 lo6l,673 4320,902 Minn. Kans.Cy. 613,129 479,077 1*6,81*7 22,91*0 D a l l a s SanFran. 730,522- 500,82327147,952 ; 682,71*2 ., 5l*,l*59 122,1+3? 60,282 7l*,2o6 60,552 1*0,809 86,572 35,738 t 26,289 51,631 certificate other cash Discounts and advances I n d u s t r i a l loans •ucceot&nccss purchased U. S. Govt, s e c u r i t i e s : B i l l s Certificates ;>Ic tes ? B ndS ° 21,263,912 268,852 822,91*8 25,228 198,320 1,14 2 862 10,139 — — 46,756 — 862 12,900,9214 851,458 3,7Ul,575 7,215,905 4^1,990 1,314,000 87,770 791,111 52,81*3 T o t a l U.S. Government securities 2 2 , 2 2 1 , 9 4 0 ll*74,06l 6,002,854 1071,301 11*32,21*2 1169,663 1102,1*82 1+1*0?,1*74 659,976 48,209 13,11a 21,664 15,344 23,086 39,308 18,149 1U,W|2 1,409 H*,6o6 — 22,202 33 923,682 1170,777 1,614,626 1*87,450 699,178 294,019 88,770 127,319 177,018 53,1A5 76,654 8,720 502,01? ' 766,260 5,732 9,1484 12,376 15,268 10,21*5 18,598 708,501* 589,563 1580,687 6?7,5li2 330,655 ~. 578,663 498,831 90,836 54,639 394,648 1010,374 392,81*3 218,302 375,353 71,864 183,-986 71,428 39,752 68,442 43,-267 110,771 43,004 23,933. 1*1,207 527,1122799,583 11,773 37,734 2,91*7 22,521 531,832 1216,186 362,609 66,030 39,754 679,766 123,781,' 74,526 5,327,2-38 1553,377 2073,928 1352,860 1099, ll*2 2885,818 1184,222" 612,642 1064,165 1000,225 2094,262 T o t a l loans and. securities ' Due from f o r e i g n banks. F.R. n o t e s o f - o t h e r banks Uncollected items 22, 4 23,o64 1484,200 : 95 131,364 6 4,989 3,307,253 289,9-87 Bank premises- 33,235 1,250 other assets 6u,399 hM9 TOTAL ASSETS 5,874,856 1569,228 2038,53^ 1575,095 1107,862 2898,194 1199,490 ! 622,887 1082,763 1003,172 2 n 6 , 7 8 3 l / 26 2~3,23l* 8 5,998 9 . 7,159 5 .12,22k- 4 12-,265 I4 17,625 4 9,91*0 675,2149 225,152 : • 3 : 8,81*4 ' 4 7,195 3 4,621- 9 17,267 293,835 519,39? 288,71*9 188,692 1*83,068 142,631 81*,61*9 164,159 153,685 8,276 3.I04 5,176 2,61*1 1,490 3,052 1,979 1,211* 2,1*62 805 1,726 15,752 3,928 6,372 1*,344 3,597 9,115 5,8?2 l,8?5 5,296 3,515 6,1*88 47,492', 1?4 2633,057 12,61*6,1456 2889,920 3880,55*3 2868,065 21*39,1*78 7857,848 2036,041 1227,219 2035,623 1704,1489 5273,1*25 l / A f t e r d e d u c t i n g $69,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve-Banks. H.lU(fr) STATELET OF CONDITION OF THE .FEDERAL RBbERl/E BANKS OK SOVEHBER I 9 , lgltf ( I n thousands of d o l l a r s ) Total Boston New York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s 214,521,176 1*447,200.5,613,485 1655,278 2108,952 1742,250 1596,557 4591,211 1125,156 L H ' B I L I I I E S F e d e r a l Reserve n o t e s Deposits: Member b a n k - r e s e r v e a c c t . 17,067,520 758,199 U . S . T r e a s u r e r - g e n e r a l a c c t . 1 , 5 6 0 , I 9 3 115,594 22,206 Foreign 406,022 2,l420 Other 519,876 T o t a l deposits1 9 , 5 5 5 , o i l 896,4.19 Deferred a v a i l a b i l i t y items 2,689,OOlj. 242,950 Other l i a b i l i t i e s i n c l u d i n g 20,696 1,100 accrued d i v i d e n d s TOTAL LIABILITIES 46,784,567 2587,669 C a p i t a l paid i n 194,562 .11,225 Surplus ( S e c t i o n 7) 439,825 •27,557 Surplus ( S e c t i o n 13b) 3,012 . '27,455 Other c a p i t a l accounts 5,594' 45,767 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,492,174 2655,057 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents j 032 194 Commitments t o make i n d u s t r i a l loans 7,545F.R. n o t e s o u t s t a n d i n g 2 5 , 2 5 1 , 5 8 5 1504,380 C o l l a t e r a l for F.R.notes held b y F . R . A g e n t s : Gold c e r t i f i c a t e s 12,559-,000 440,000 E l i g i b l e paper ' : 133,425 7,720 U.S.Govt, s e c u r i t i e s i5;Uoo,ooo 1100,000 Total Discounts and advances I n d u s t r i a l loans Acceptances purchased U.S.Govt, s e c u r i t i e s 190,820 1,442 862 22,221,9li0 5,2)47,818 421,177 1/170,685 1*56,021 6,295,701 509,907 6,955 12,U26,043 68,342 136,549 7,253 . 0,261. 828,587 1264,826 758,806 151,454 149,724 97,859 28,018 52,169 16,949 1,759 6,778 1,922 939,818 lli53,497 855,536 180,453 250,785 255,027 Minn, Kans.Cy. 621,918 939,H7 757,2214 25/45,555 655,864 446,842 859,137 8l;4,648 2122,216 65,785 177,771 '88,119. 66,190 62,957 64,077 121,486 14,182 47,042 12,107 12,106 8,648 11,415 50,495 812 2,5984029 256 2,028 626 58,047 858,005 2772,5.6)4 760,119 520,475 937,669 920,766 2515,044 174,196 595,051 125,631+ 65.756, 151,904 128,721 2141,090 : l,21ik 820 1,970 2,912 94l 508 786 365 l,773„ 6dd 2852,773 3815,204 2052,55!; 2409,556 7762,5-18 2009,8214 1208,657 ^009,476 1679,519 5210,739 14,330 18,896 23,716 8,183 It,280 6,486 7,262 18,052 7J463 6,347 34,720 65,070 18,663 41,594 10,997 20,676 15,729 13,777 38,106 16,577 762 1,429 4,489 1,007 1,073 521 1,157 1,307 2,140 3,525 3,608 5,107 4,052 3 , 0 34 -2 ,,795 2.62I4 li.^a 2,772 5,547 O '~j f~* 12,646,456 2009,920 5000,555 2063,065 2459,473 7057,814 970 2U6 12I4 2036,041 1227,219 2035,625 1704,439 5275,425 106 76 106 400 580 3li5 1,395 352 76 5,769,005 1702,292 2169,221 1702,672 1448,494 4607,441 1165,866 656,059 - 3,750 965,659 2/ D a l l a s SanFran. 629,210 2654,382 28£ lli9 412 100 267 lii7 657,385 2766,629 ;.5,470,000 515,000 695,000 650,000 725,000 5010,000 515,000 190,000 280,000 169,000 2100,000 3u;,26o 11,300 — 20,350 9,300 15,9U5 17,275 19,195 2,400,000 1200,000 1500,000 1150,000 750,000 1700,000 950,000 450,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOAFS AITD SECURITIES 6 months 9I days to 1 to 2 2 to 5 61 t o Within 16 t o 31 t o Over 6 months years years . 15 days 90 days t o I year 30 days 5 years 60 days 152,252 1,563 491 3,526,065 6,655 571. 2,273,938 31,703 ' 33 3,157 1 4,873,505 4,830,640 29 2 647,890 24 4 5,31+3,793 1 / A f t e r d e d u c t i n g $255,212,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / After deducting $2,062,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 11 23 255,450 470,661